Emirates orders 50 more Boeing 777s

Boeing 777 has “really served Emirates very well in terms of seat cost”

Not discouraged by its recent 76% slump in profits posted for the first half of 2011, Emirates hogged the limelight at the Dubai Air Show at the weekend by making a huge order for 50 Boeing 777 aircraft. The order is biggest single order in Boeing’s history in dollar terms, valued at $18 billion by list price, although when bulk-purchase discounts are figured in the airline will probably not pay that much. However, as part of the order Emirates also retained an option to buy another 20 777s, which would raise the value of the deal to $26 billion.Emirates says that the Boeing 777 has “really served Emirates very well in terms of seat cost, especially when we see that the fuel price today is very high.”AP[pictured: Emirates Boeing 777-200LR]